Taqa’s Naturgy bid could hit resistance in Spain + Algeria, reports suggest
Spain has an “anti-takeover shield” in place that grants it the right to block foreign takeover bids
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Spain has an “anti-takeover shield” in place that grants it the right to block foreign takeover bids
Adnoc’s renewable energy subsidiary has reportedly been in talks to acquire 40% in Naturgy
The acquisition is to boost the production and distribution of nitrogen fertilizers.
The transaction marks the EGA’s first major acquisition since it was formed
The stake was purchased from Energy Capital Partners and will be finalized by the end of the year
The stake is expected to be valued at USD 1 bn
The agreements include installing 20 solar plants across 17 provinces.
The EUR 488 mn ticket is Masdar’s largest EUR-denominated financing
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